KORU advanced 18.45% on Wednesday, Nov. 11, while Direxion’s stated 3X objective covers one trading day, a distinction that matters when investors hold the fund longer.
At Wednesday’s 4 p.m. ET (21:00 UTC) close, KORU stood at $8.54, $1.33 above its prior close, a gain of 18.45%. The reported NAV was $8.55, up $1.34, or 18.51%.
Direxion describes the fund’s 3X target as applying to one day of index performance before fees and expenses. It warns that results over longer periods may differ from three times the benchmark’s cumulative return.
